California + Bay Area + Finance | April 7, 2021

Kylli Refis Burlingame Point for $750M

Affiliates of Kylli Inc. recently obtained $750 million for the refinancing of Burlingame Point. The 9.3-year fixed-rate financing was provided by affiliates of Goldman Sachs, J.P. Morgan, Deutsche Bank and Athene Annuity & Life Company (via Apollo Global Management).

Burlingame Point is a new office campus located on the Peninsula. The LEED Gold-certified property features four class-A office/R&D/life science buildings totaling approximately 771,000 rentable square feet, a 33,000-square-foot amenity building and more than 2,300 on-site covered and surface parking spaces.

Cushman & Wakefield served as the exclusive adviser to Kylli in the procurement of the refinancing. The Cushman & Wakefield team of Steve Kohn, Chris Moyer, Terry Daly, Rob Rubano, Keith Padien, Alex Lapidus and Meredith Donovan represented the borrower. Cushman & Wakefield also advised Kylli on the construction financing of the asset in April of 2019. Mike Moran and Clarke Funkhouser of Cushman & Wakefield provided leasing market support.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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